7-unit apartment building offering a strong value-add opportunity with significant upside potential. Property is currently unoccupied, allowing for immediate access to complete renovations and lease units at market rents.
The property would benefit from updates and improvements, making it well-suited for investors looking to reposition and stabilize an asset. Scope of improvements may vary depending on investor strategy.
Previous rents ranged from $900-$1,500 per unit, with market rents estimated around $1,500 for 2-bedroom units and $1,800-$2,000 for the 3-bedroom unit.
Located in an area with consistent rental demand, this property presents an excellent opportunity to increase income and build long-term value.
Great option for both local and out-of-state investors looking to add to their portfolio. Sold as-is
129 days
|
386
|
19
|
Zillow last checked:
Listing updated:
Listed by:
Jose L Morales616-648-9337,
Epique Realty248-218-2604
Source: MichRIC,MLS#: 26009302
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 15
Bathrooms: 7
Heating
Hot Water
Cooling
Wall Unit(s), Window Unit(s)
Features
Basement: Full
Interior area
Total interior livable area: 6,100 sqft
Property
Parking
Total spaces: 10
Parking features: Paved
Lot
Size: 0.52 Acres
Details
Parcel number: 411715253011
Zoning description: R-4
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Units
Materials
Brick
Condition
New construction: No
Year built: 1969
Utilities & green energy
Utilities for property: Cable Available, Natural Gas Connected, Electricity Connected
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.